# Hovnanian Enterprises, Inc. (HOV)

> Source: Nexqual · https://nexqual.com/HOV · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Hovnanian Enterprises, Inc. (HOV), nexqual.com/HOV" · informational, not investment advice.

**Price:** USD 101.29 (+9.86% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 92.2 · day 91.75–101.65 · 52w 90.17–148.48 · market cap $604M · NYQ

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $2.82B, net income $18.1M (0.6% margin), free cash flow $198M (SEC filings).
- Valuation: P/E 33.3x (avg 6.8x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $1.8M; 2 not under a Rule 10b5-1 plan ($1.8M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Strong Sell (mean 5.00 on a 1–5 scale) (1 analysts), mean target USD 74 (range 74–74).
- Total return with dividends: 1Y -23.5% vs S&P 500 +14.9%; 5Y +13.7% vs S&P 500 +80.3%.
- Next earnings: 2026-08-20, EPS estimate USD 2.8, revenue estimate $826M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.78B | $2.92B | $2.76B | $3.00B | $2.98B | $2.82B |
| Net income | $608M | $225M | $206M | $242M | $63.9M | $18.1M |
| EPS (diluted) | $85.86 | $29.00 | $26.88 | $31.79 | $7.43 | — |
| Free cash flow | $204M | $76.9M | $416M | $5.8M | $166M | $198M |
| Net margin | 21.8% | 7.7% | 7.5% | 8.1% | 2.1% | 0.6% |
| Revenue growth | +18.7% | +5.0% | -5.7% | +9.0% | -0.9% | — |
| Total debt | $1.25B | $1.15B | $1.05B | $896M | $901M | — |
Fiscal years end Oct. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/E 33.3x · P/S 0.2x · P/FCF 3.1x · P/B 0.7x · FCF yield 32.76% · Earnings yield 3.00% · Buyback yield (TTM) 3.05%
P/E at fiscal year-ends: Oct 2025 13.0x, Oct 2024 5.1x, Oct 2023 2.2x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-25 | Sorsby J Larry | Director | 1,032 | $147K | 0.5% | No | Too little history (no open-market trades in 2025) |
| 2026-06-22 | Hovnanian Ara K | Chairman of the Board & CEO | 12,880 | $1.6M | 6.3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Strong Sell (mean 5.00 on a 1–5 scale), 1 analysts; mean target USD 74 (low 74, high 74).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -23.5% | +13.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -23.6% | +2.6% |
| Volatility (annualized) | 63.8% | 69.0% |
| Max drawdown | -38.5% (Jun 2026→Oct 2026) | -73.7% (Dec 2021→Oct 2022) |

## Peers (Residential Construction)
LEGH (Legacy Housing Corporation) USD 28.31 +3.89% · BXBL (BOXABL, Inc.) USD 2.95 +4.98% · BZH (Beazer Homes USA, Inc.) USD 33.48 +0.09% · DFH (Dream Finders Homes, Inc.) USD 10.12 +12.20% · LGIH (LGI Homes, Inc.) USD 42.77 +6.90% · GRBK (Green Brick Partners, Inc.) USD 64.94 +7.02%

## More
Full page: https://nexqual.com/HOV · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name HOV in their own reports (relationship from HOV's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Millrose Properties, Inc. (MRP) | 10-K 2026-03-02 | "Kennedy Lewis's in-house land banking servicer includes professionals with deep industry experience working at national homebuilders, including Lennar, Hovnanian Enterprises, Inc., Beazer Homes USA In…" |

## Revenue by product line (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Home Building | $682.1M | 96.9% | -11.7% |
| Financial Service | $23.7M | 3.4% | -17.1% |
| Management Fees | $6.2M | 0.9% | -7.5% |
| Total revenue | $703.6M | 100% | — |

## Revenue by region (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| West | $354.0M | 50.3% | -6.2% |
| Northeast | $232.6M | 33.1% | -19.6% |
| Southeast | $93.3M | 13.3% | -10.9% |
| Total revenue | $703.6M | 100% | — |
The lines above cover 96.6% of total revenue.

## Company outlook (8-K filed 2026-08-20)

- "Guidance on Nearly All Metrics Provided Gross Margins Improved Sequentially for Second Quarter in a Row The Dollar Value of Consolidated Domestic Backlog Increased 5% Year Over Year MATAWAN, NJ, August 20, 2026 – Hovnanian Enterprises, Inc."
- "RESULTS FOR THE THREE-MONTH AND NINE-MONTH PERIODS ENDED JULY 31, 2026:  Total revenues were $705.7 million in the third quarter of fiscal 2026, which was within the guidance range we provided, compared with $800.6 million in the same quarter of the prior year."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $2.80 | $-0.35 | -900.0% | $826.0M | 1 |
| Next quarter (ends 2027-01-31) | — | — | — | $604.2M | — |
| Current fiscal year (ends 2026-10-31) | $3.99 | $1.26 | +216.7% | $2.83B | 1 |
| Next fiscal year (ends 2027-10-31) | $2.15 | $-3.45 | -162.3% | $2.96B | 1 |